#USOIL (WTI) Elliott Wave Analysis
The triangle did what triangles do. Six days, ten dollars lower!
#USOIL 🛢️
The triangle did what triangles do. Six days, ten dollars lower!
Remember when we spotted the triangle pattern at 105.21? Triangles are coiling springs that store energy before releasing it in a sharp thrust.
The E wave completed right at our invalidation level. Then came the breakout. Oil collapsed from 105 to 89.93 in just six trading sessions.
This is why we don't guess wave structures. We wait for confirmation. The triangle gave us the roadmap. We just had to follow it.
🔴 Current Status: Wave C of the larger correction is now in motion. The blue arrow shows where this selling pressure is heading.
Many traders got trapped buying the "dip" during the triangle formation. They thought sideways meant reversal. We knew sideways meant preparation.
Professional trading is about reading the structure, not fighting it. When the market shows you a triangle, respect what comes next.
The breakdown was Elliott Wave at work. Clean, sharp, and exactly as predicted in our previous analysis.
👉🏻 Previous Analysis: https://ew-strategy.com/free-charts/usoil-usoil-wti-elliott-wave-analysis-2026-05-11-5k9k
Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Elliott Wave analysis involves subjective interpretation. Always do your own research and manage your risk accordingly.
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